Komodo
#KMDUSD ANALYSIS.. We see cup & handle on daily chart of #KMDUSD..
Moving averages and curve T3 are in positive outlook.. We can see a sharp rally in #KMDUSD if 0.84 major resistance breaks..
KMD/BTC 12h (Binance) Descending channel & triangle breakoutTA: Komodo just broke-out that ascending triangle and got rejected on upper-line channel.
I'm expecting a pull-back to retest support then a new attempt to break higher, better wait for entry.
Current Price= 0.0000665
Buy Entry= 0.0000636 - 0.0000612
Take Profit= 0.0000680 | 0.0000771 | 0.0000839
Stop Loss= 0.0000568
Risk/Reward= 1:1 | 1:2.63 | 1:3.84
Expected Profit= +8.97% | +23.56% | +34.46%
Possible Loss= -8.97%
Fib. Retracement= 0.382 | 0.5 | 0.786 |
Margin Leverage= 1x
Estimated Gain-time= 480h
KMD/BTC | Key Level | Range Support | Trade Setup Today's chart – KMD BTC – consolidating at range/structural support. Price holding support validates a long trade to technical targets above.
Points to consider:
- Key level
- 21 EMA visual guide
- Oscillators oversold
Trading at its long-term range support; proceeding a stark correction. Price needs to hold support to form a bullish bias.
Further price action and trend continuation will allow the 21 EMA to act as a visual guide; a trade management tool assisting in defining risk. An S/R flip of the 21 EMA will further support the bullish bias.
The RSI is trading near oversold conditions indicating weakness in the immediate market. Stochastics are reaching oversold conditions and may remain oversold for some time, however, a valid buy cross will indicate momentum shifting on the macro time frame with stored momentum to the upside.
Overall, in my opinion, KMDBTC needs to hold support at this level for a long trade to technical targets above and risk defined below support.
What are your thoughts?
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Komodo looks bullish next weekTrend seems to be bullish as the candles are making higher lows. Also the weekly resistance had been broken as well as it has been tested and rejected, which shows the 622 is a strong support. KMD is going to test the monthly resistance at 809 and may wick above upto 957 level which has been test 3 times before. Third confirmation is that the trend lines are being respected.
716 is the support on the trend line as KMD also broke the trend line. This red weekly candle with a wick below is the first test of the newly made support.
In coming weeks we may see 10 to 15 percent increase, we can wick past that as well upto 957 which would be a 25 percent increase.
I usually dont use indicators, More of a Price Action lover. Indicators like MACD, RSI are great. Gonna use in coming charts.
Trade safe, dont invest your 100 percent in one asset.
Good luck.
KMD / BTC Channel 111%. Reversal zones. Work on a coin.After the price exited a descending wedge, a horizontal accumulation channel formed. External channel width 111%. Domestic about 50%. Liquidity is average.
The channel and pivot zones are shown on the chart. Price fixing above the channel resistance level (yellow zone) may serve as confirmation of further growth. Not overcoming this zone can serve as a price reduction to the indicated important channel support zone. Further, how the price will react to this support zone.
Now is not a good entry point, as there is uncertainty in the further price movement. Tool for observation.
Good potential entry points:
1) When fixing the price above the resistance of the current channel (yellow zone).
2) Entrance from the bottom of the active channel upon confirmation of support.
Stop loss
Set Stop Loss value with calculation of your trading strategy and money management. Stop Loss percentage should be adequate. What matters is not the Stop Loss value itself, but the entry point and your system of work.
The first potential target showed on the chart.
1) From channel resistance in case of consolidation + 60% and if the uptrend will develop even higher.
2) From the bottom of the channel about + 111%.
The previous trading idea for this coin gave + 55% from the moment of breaking the resistance of the downward wedge.
KMD/BTC could be pushing higher soon#KMD / BTC ( Binance )
Buy Range : 0.0000708
Stop Loss : Daily close candle below 0.0000660
Target 1 : 0.0000890
Target 2 : 0.0001100-1250 area
After almost a year of consolidation, many of the altcoins are starting to outperform Bitcoin.
We have already seen how ADA, DOGE or LUMEN among many others have provided many benefits.
I think Komodo is a currency that has historically increased its price very well in periods when altcoins have dominated
In the technical section, the price action has resisted the support of 500 sats. Now it appears to be forming an ascending triangle pattern.
The first logical objective to take profit is resistance that has already been tested several times. From there, we could see how it reaches the next FIBO point after testing the support if this coin is able to maintain strong pressure.
As for the technical indicators and the price, just to say that they are Bullish in all the timeframes, and that there should be no major problems while the price holds the support.
Good luck !
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Consolidation period is over for KMDHello, traders.
KMD/BTC seems to finish the consolidation period. This movement is a sideways trend on the daily chart. Between these two important support and resistance points, it is a no trend zone, but after yesterday's movement, we believe the price is heading up to test the next important resistance level on the uptrend direction.
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Komodo buy pointHello Traders,
KOMODO seems that is going to test the important support level of 0.0000540.
That is a great place to go long in this asset, we must watch the price behavior on this support test
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Best regards Sandro and Gustavo.
KMD/BTCKMD/BTC broke a 3 years bearish trendline, and now is retesting it.
Horizontal Resistance already tested 3 times.
Volumes supporting this microuptrend, and an entry here is reasonable as a risk/reward proportion.
Just pay attention to the resistances in black.
TP for short/medium/long term are in red.
Good luck!
KMD/BTC 1D (Binance) On strong support & inside falling wedgeKomodo is having a hard time in satoshis like many ALTs right now, but it's facing strong support here.
I'm expecting a breakout sooner or later, patience is the key don't forget about that!
Buy Entry= 0.0000534 - 0.0000488
Take Profit= 0.0000626 | 0.00000681 | 0.00000781
Stop Loss= 0.0000396
Risk/Reward= 1:1 | 1:1.48 | 1:2.35
Expected Profit= 22.50% | 33.27% | 52.84%
Possible Loss= -22.50%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
KMD Support buyHello Traders
The KMD is close to a strong level of support. It is an excellent level to buy for an oscillation trade due to the good probability of reversal.
How to proceed in this opportunity?
There are 2 strategies.
The first and the simplest is to buy the asset now with a stop below the last lower level. This is the easiest strategy, as there is no need to monitor the asset all the time.
The second and most accurate is to wait for a candlestick reversal pattern. This is the most accurate, as this will ensure that you will buy the asset in the right direction.
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Easy 77% or 140%+ For Komodo (Falling Wedge Breakout)Komodo (KMDBTC) broke out of a strong falling wedge and tested its trendline as support.
Prices are now bouncing strong and after the above-mentioned action, this tells us that KMDBTC will now start to grow.
The immediate resistance to break for additional growth is sitting at 0.00000732 or MA200. Above this level, KMDBTC can jump and easily print 75%+ in growth.
Additional growth will develop overtime... PATIENCE IS KEY .
More information on the chart.
Thanks a lot for reading.
Namaste.
Previous analysis - Apr 13
Komodo Breaking Up Strong (88.8% Target Mapped)
(This is not financial advice)